API Signs New Agreement with Ukraine’s National Oil Company to Bolster its Energy Independence Efforts

API and Ukrnafta Sign MOU to Adopt API Standards, Minimizing Ukraine’s Reliance on Russia

WASHINGTON – The American Petroleum Institute (API) and Ukrnafta, Ukraine’s leading national oil company, today signed a Memorandum of Understanding (MOU) to promote the adoption of API natural gas and oil standards in Ukraine. The agreement affirms both parties’ commitment to enhancing Ukraine’s energy independence and its transition away from Russian standards, equipment and operations.

After the signature of the MOU between API and Ukraine’s national standards body, the State Enterprise “Ukrainian Scientific Center for Standardization, Certification and Quality Problems,” which focused on an information exchange and the promotion of API standards, this agreement with Ukrnafta goes further, supporting Ukraine’s shift away from Russian standards and toward API’s globally recognized international energy standards and best practices.

“As the world’s premier standards-setting organization for the natural gas and oil industry, API is honored to embark on this new cooperative relationship with Ukrnafta,” said Anchal Liddar, API Senior Vice President for Global Industry Services. “This alliance solidifies our shared vision of strengthening Ukraine’s energy infrastructure and independence based on our world-class standards.”

“The memorandum of understanding with API will allow us to significantly increase our efficiency and attract the best examples of world technologies to the development of the Ukrainian oil industry,” said Serhiy Koretsky, director of Ukrnafta PJSC. “This is one of the key transformation projects of the company in the coming years, which will ultimately allow Ukraine to achieve the desired energy independence. We are honored to work together with such a respected and influential organization as API.”

The MOU establishes a framework between API and Ukrnafta for the following:

• Promoting the adoption and harmonization of API standards across Ukraine’s oil and gas industry
• Involving Ukrainian experts on API standards committees
• Providing guidance, promoting awareness and facilitating information exchange on the usage and implementation of API standards and safety programs, such as API Energy Excellence®
• Collaborating on events and the joint organization of standards-related training programs and seminars

The framework outlined in the MOU supports Ukraine’s intent to reduce its reliance on Russian energy and supply chain and helps create a robust, resilient energy industry that is aligned with international best practices.

API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.

To learn more about API and the value of oil and natural gas, please visit API.org.

About PJSC Ukrnafta 

Ukrnafta is the National Oil Company of Ukraine. Ukrnafta operates across all segments of value chain from crude oil production to retail fuel sales. Company operations cover 90 onshore oilfields in Ukraine, extensive transportation and processing infrastructure and largest national mono-branded filling stations network in Ukraine. Ukrnafta contributes to the national security of Ukraine by achieving country’s energy independence in fuels in the long run and by providing access to affordable fuel to all Ukrainians.